ABN AMRO says on track for 2007 EPS target
Dutch bank ABN AMRO NV reiterated its 2007 earnings per share target of 2.30 euros ($3.19) on Monday despite current market turmoil and said it has very limited exposure to the subprime market.
RBS consortium likely to buy ABN: ABN CEO
A Royal Bank of Scotland-led consortium will most likely buy ABN AMRO as Barclays' rival offer for the Dutch bank has little chance of matching the consortium's bid financially, ABN's chief executive told Dutch TV on Sunday.
Barclays Wins Shareholder Support for ABN Amro Takeover
Barclays won shareholder support today for its €62 billion (£42 billion) bid to acquire ABN Amro, the Dutch bank, but said that it was not committed to a deal at any price.
Northern Rock share plunge turns lender into target
Northern Rock Plc's share price plunge after needing a lifeline from the Bank of England has turned the mortgage lender into a stricken target, more likely than ever to fall prey to a takeover bid.
Dollar makes comback vs euro
The dollar rebounded against the yen and euro on Thursday as investors resumed buying the U.S. currency after nearly a week of declines, although expectations of a cut in U.S. interest rates capped gains.
StanChart says aims to establish Islamic bank by 2008
The Malaysia unit of Asia-focused lender Standard Chartered Bank Plc hopes to apply for an Islamic banking license in the country within a year, it said on Thursday.
BarCap says August profitable, growth goals intact
Britain's Barclays said its investment bank arm traded profitably last month and its prospects remain strong, despite the credit market turmoil, but the bank's offer for ABN AMRO could be beaten.
Barclays boosts shares with charm offensive
Shares in Britain's Barclays Plc, battered over the past two months, rose more than 3 percent on Monday after a weekend charm offensive helped further ease concerns over the bank's financial health.
Barclays recovers after a week of bad headlines
Barclays was recovering from a week of bad headlines, denials and late-night statements on Friday, as analysts said there was little substance to the frenzy and few harbored genuine worries over the bank's health.
U.S. authorities step up probes of European banks: report
The U.S. Justice Department and other authorities have stepped up investigations into several large European banks for violating sanctions against Iran, Libya, Cuba and Sudan, the Financial Times reported in its online edition.
Barclays to stick with ABN bid despite gap-sources
British bank Barclays has no plans to walk away from the battle for ABN AMRO despite a growing gap between its bid and a competing offer, sources close to the matter said on Wednesday.
Dollar up vs euro, down vs yen as credit fears weigh
The dollar rose against the euro, but fell against the yen on Monday, as investors attempted to minimize exposure to risky assets amid lingering fears of a global credit crisis.
Wanted: Central bank with new answer to old problem
Decades pass but the story remains the same -- financial markets lurch from boom to bust, central banks rush in to avert disaster and their rescue operation sets the scene for yet another boom-bust sequel.
Major banks meet with policy officials, praise Fed's move
A group of major banks meeting in a conference call with U.S. monetary policy officials expressed strong support for the Federal Reserve's move on Friday to bring stability to volatile financial markets by reducing the discount lending rate.
European stocks extend losses as U.S. futures sag
European stocks extended their losses on Friday, losing more than 2 percent as a deepening concern surrounding the U.S. subprime mortgage market continued to hit stocks worldwide and pushed U.S. futures in the red.
ABN shares fall on Fortis financing worries: analysts
Shares in Dutch bank ABN AMRO fell as much as 11 pct on Friday as analysts cited a report that Fortis may find it difficult to finance its part of the deal to buy ABN together with Royal Bank of Scotland and Santander.
Fortis Q2 net beats forecasts on strong banking
Belgian-Dutch financial services group Fortis reported a 16 percent year-on-year rise in second-quarter net profit on Thursday, beating analysts' expectations due to strong banking results.
ABN, RBS consortium say to continue takeover talks
Dutch bank ABN AMRO is continuing to hold talks with the Royal Bank of Scotland-led consortium which has offered 71 billion euros ($97 billion) for the Netherlands' largest bank in a bidding war with British bank Barclays, the two groups said on Sunday.
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Barclays' ABN offer period set
Barclays' offer period for Dutch bank ABN AMRO will run until October 4 and the British bank's bid will be declared unconditional if at least 80 percent of ABN shares have been tendered, a filing showed.
RBS profits up 11 percent
Royal Bank of Scotland, Britain's second biggest bank that is locked in a takeover battle for ABN AMRO, beat expectations with an 11 percent rise in profit and lifted its dividend by 25 percent.
ABN withdraws backing for Barclays bid
Dutch bank ABN AMRO withdrew its recommendation of a takeover by Barclays, leaving it neutral between the British bank's offer and a higher bid from Royal Bank of Scotland's consortium.
The Netherlands' biggest bank, the target of a 66 billion-euro ($89.55 billion) offer from Barclays and a 71 billion-euro bid from RBS, Belgium's Fortis and Spain's Santander, also reported a 7.1 percent decline in its second-quarter net profit on Monday.
JPMorgan gets final OK to set up local China bank
JPMorgan Chase & Co. said on Monday it received final approval to set up a locally incorporated bank in China, one of the latest firms given the go-ahead for possible retail operations in the country.
Barclays lifts ABN offer with China, Singapore help
British bank Barclays raised its bid for Dutch group ABN AMRO to 67.5 billion euros ($93 billion) on Monday, helped by some of the biggest ever overseas investments by China and Singapore. The bid still falls short of a rival $71 billion-euro bid from a group of European banks led by Royal Bank of Scotland.
Report says Barclays seeks billions for ABN
Britain's Barclays is in talks with the governments of China and Singapore to raise 10 billion pounds ($20.6 billion) to help fund its planned purchase of Dutch bank ABN AMRO, the BBC reported on Monday.
U.S. activist fund builds stake in UBS: paper
U.S.-based fund manager Harris Associates has built a $1 billion stake in troubled Swiss investment bank UBS, the Sunday Times said in an unsourced report.
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